Ecuador Plans Privatizations
Of Telecom Concerns in 1999

Dow Jones Newswires

Updated Dec. 29, 1998 12:01 a.m. ET

QUITO, Ecuador -- Ecuador is planning to fully privatize state-run telecommunications companies Andinatel and Pacifictel in the third quarter of 1999, a government official told Dow Jones Newswires Monday.

The government expects to sell 51% stakes in each company to an international operator and another 10% to company workers, according to Alvaro...